WEEKLY: Aust., Brazilian iron ore shipments jump 16% WoW

The total volume of iron ore dispatched to global destinations from the 20 ports and 17 mining companies in Australia and Brazil under Mysteel's regular tracking ended a two-week drop and rose to 28.3 million tonnes during November 10-16, higher by a significant 3.9 million tonnes or 16% on week, with the shipments increasing from both countries.

During the latest survey period, Brazilian iron ore sent worldwide from the country's nine ports jumped by 1.2 million tonnes or 16.8% on week to 8.5 million tonnes, and the volume shipped by Vale surged by 1.6 million tonnes or 30% on week to 6.7 million tonnes. Over the same